EXNESS - Analytics

    EXNESS

    631.50 4.00/10
    69% of positive reviews
    Real

    GOLD: under pressure against the background of an improving macroeconomic statistics from the US

    Sell on a level breakthrough of 1104 with 1080 target. Stop loss = 1120.

    Reason for the trading strategy

    The US macroeconomic data published yesterday strengthened the position of the US dollar in the international currency market. The ADP employment growth rate in the private sector and the ISM business activity index in the US service sector turned out to be better than expected. In addition, the US trade deficit declined from 48.0 billion to 40.8 billion dollars in September.

    GOLD, Daily

    GOLD


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